Municipal Bonds: Why Are Tax-Free Yields So High?
Apr 7, 2008
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By Elaine Floyd, CFP ®
Munis may seem like a screaming buy, but there are reasons why yields are so high compared with Treasuries. Whether this market aberration is a lifetime opportunity or a disaster in the making depends on your understanding of the credit crisis, where you think interest rates are headed, and your clients' liquidity needs.